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American regulators must put into place "better, not simply more" financial services rules and regulators, while making sure reform efforts sustain, rather than kill the capitalist goose laying all of the economy's golden eggs.
While true merger and acquisition activity in the property and casualty insurance industry isn't occurring at the pace of prior soft markets, a form of consolidation is occurring as concerned agents and brokers move business to safer havens.
The sudden death of the "King of Pop," Michael Jackson, leaves behind some uncertainty in the insurance world regarding coverage for his scheduled 50 live performances at London's O2 Arena.
WASHINGTON-Bills modernizing and reforming regulation of the surplus lines and reinsurance industries and streamlining nonresident insurance agent and broker licensing could be acted on by the full House next month, according to industry officials.
WASHINGTON-Three House bills have been introduced to provide federal funds through several programs to assist homeowners, businesses, public officials and first responders in preparing for disasters.
Will AIG or Maurice Greenberg prevail in the court battle over funds allegedly set aside as incentive compensation? Click to www.property-casualty.com and cast your vote in this week's NU online poll.
Moody's Investors Service said yesterday it has downgraded the senior debt rating of financial guarantor MBIA and given the Armonk, N.Y.-based firm a negative outlook, based on pending litigation and insured portfolio declines.
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